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Brick & Mortar Ventures, a young, San Francisco-based venture firm that’s focused on startups innovating in or around architecture, engineering, construction and facilities management, has closed with $97.2 million in capital commitments. The fund is one in a sea of debut funds that have swung open their doors in recent years, though it’s also interesting …
August 13, 2019 | by RaheelCreating backups for massive enterprise deployments may feel like a solved problem, but for the most part, we’re still talking about complex hardware and software setups. Clumio, which is coming out of stealth today, wants to modernize enterprise data protection by eliminating the on-premise hardware in favor of a flexible, SaaS-style cloud-based backup solution. For …
August 13, 2019 | by RaheelAaron Rasmussen, co-founder and former creative director of MasterClass, has a new startup called Outlier.org. Like MasterClass, Outlier is bringing education online, but with a key difference — these are college classes offering real college credit. The startup is launching a pilot version of its first two courses, Calculus I and Introduction to Psychology, for the …
August 13, 2019 | by RaheelThe notion of the corporate directory has been around for many years, but in a time of more frequent turnover and shifting responsibilities, the founders of Rimeto, a three-year-old San Francisco startup, wanted to update it to reflect those changes. Today, the company announced a $10 million Series A investment from USVP, Bow Capital, Floodgate …
August 13, 2019 | by RaheelDostavista, the “crowdsourced” same-day delivery service founded in Russia but operating in several countries, has raised a $15 million Series B. Leading the round is Vostok New Ventures, with participation from existing investors Flashpoint and AddVenture. Founded in 2012 by Mike Alexandrovski, after he initially considered creating a game where players would be asked to …
August 13, 2019 | by RaheelCaterwings, the Rocket Internet-founded corporate catering marketplace that operates in 8 countries, has acquired German competitor Lemoncat. Terms remain undisclosed, although I understand from a source close to the company that it was an “8-digit all stock” deal and sees investors, which include Lukasz Gadowski, Target Global, Point 9, and Northzone, pick up shares in …
August 13, 2019 | by RaheelDigital payments startup QFPay announced today that it has raised $20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners. MDI Ventures, the investment arm of state-owned Indonesian telecom Telkom Indonesia, Rakuten Capital and VentureSouq also participated as new strategic investors. According to Crunchbase, this brings QFPay’s total raised so …
August 13, 2019 | by RaheelZhihu, the largest question and answer platform in China, has raised a $434 million Series F. This is not only the company’s biggest round since it launched in 2011, but also one of the largest secured over the past two years by a Chinese Internet culture and entertainment company, said China Renaissance, which served as …
August 13, 2019 | by RaheelExchanges like Coinbase have ballooned in size by taking the mechanics of equity markets and fitting them to cryptocurrency markets, but as the space expands in its scope and craftiness, new exchanges trading asset classes native to cryptocurrency are taking off and attracting the attention of top Silicon Valley VCs. Oh, and Coinbase, too. Blade …
August 12, 2019 | by RaheelLondon-based edtech startup pi-top has cut a number of staff, TechCrunch has learned. According to our sources, the company has reduced its headcount in recent weeks, with staff being told cuts are a result of restructuring as it seeks to implement a new strategy. One source told us pi-top recently lost out on a large …
August 12, 2019 | by Raheel